Friday, September 29, 2006

 

Closing Comments

Today was a great day for the bears, as the momentum seems to have moved to the sellers corner, albeit on very light volume. I feel strongly that a pullback is long overdue.

It's also worth noting, ISM data will be released Monday morning and will likely set the tone for the markets. Anything under 50 will send the market reeling.

During today's session, considerable weakness was found in high multiple tech, while strength was abundant in commodity based stocks and drugs.

As for me: I had a very good day, up more than 2.5%-- as RIMM gapped up and RACK broke down. For the quarter, I performed exceptionally well, up 9.76%-- putting my YTD return at 23.6%.

Due to end of the quarter paperwork, I will not run my daily screens-- simply too busy.

See you Monday.

NOTE: Cramer's AAP is still down -1.75% YTD, even though the market has gone superbull. Buy, buy, buy; Sell, sell, sell. No buy. No Sell. No Sell-Buy. No Buy-Sell. Mooooooooooo!

BoooYahhhh.

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